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Oct 4, 2012
10/12
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he would repeal the alternative minimum tax and permanently repeal the estate tax. the nonpartisan tax policy center concluded that mitt romney's tax plan would cost $4.8 trillion over ten years. romney said again tonight that his plan would be paid for, but to pay for those cuts, he would have to close loopholes in the tax code and get rid of some tax deductions, he said, and credits, but he's repeatedly refused to say which deductions he would get rid of saying that he would work with congress to make those decisions. also tonight president obama said his plan would cut the deficit by $4 trillion. >> we all know that we've got to do more, and so i put forward a specific $4 trillion deficit reduction plan. it's on a website. you can look at all the numbers, what cuts we make and what revenue we raise. >> reporter: that estimate comes from the left-leaning center on budget and policy priorities. $3.8 trillion, to be exact, over ten years. the president is counting money saved by letting the bush tax cuts expire for people making more than $250,000 a year, but he's a
he would repeal the alternative minimum tax and permanently repeal the estate tax. the nonpartisan tax policy center concluded that mitt romney's tax plan would cost $4.8 trillion over ten years. romney said again tonight that his plan would be paid for, but to pay for those cuts, he would have to close loopholes in the tax code and get rid of some tax deductions, he said, and credits, but he's repeatedly refused to say which deductions he would get rid of saying that he would work with...
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Oct 1, 2012
10/12
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KNTV
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he talks about all these tax deductions he's going to put forth. how is he going to close the loopholes to make this work? i'm a financial journalist, i want to know. i think american voters deserve to know. chris: the moderate already probably want to know. he's got to ask that question. >> two things. one is that i think it's really strange that they have telegraphed this punch so far in advance on the truth, on obama's veracity. i wouldn't be surprised if they don't do that because they've telegraphed it so far in advance. the thing "boston globe"s a -- obama has to watch, he really has grown to disrespect and dislike mitt romney and there's so many cheap shots that he could take that will not actually work to his advantage. he has to be -- restrain himself from taking the obvious jabs that might actually generate some sympathy for romney. chris: the debate also will challenge president obama to convince voters things could have been worse without blaming george b. bush as did he last time. >> one of the things i think we have to recognize is pu
he talks about all these tax deductions he's going to put forth. how is he going to close the loopholes to make this work? i'm a financial journalist, i want to know. i think american voters deserve to know. chris: the moderate already probably want to know. he's got to ask that question. >> two things. one is that i think it's really strange that they have telegraphed this punch so far in advance on the truth, on obama's veracity. i wouldn't be surprised if they don't do that because...
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Oct 6, 2012
10/12
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is trying to neutralize the attack, over his comments regarding 47% of americans not paying income tax. and see themselves as victims. a view he now disavows. >> sometimes you say something completely wrong. >> reporter: only three weeks ago he said the comments were not elegantly stated. now he disavows the comments, perhaps in time for the debate when president obama is expected to be ready for attack. >> thank you. >>> sue herrera has visited us from cnbc headquarters today here in our studios, by the way, the markets reacted in a big way today as job news, stocks closed at the highest level today in nearly five years, as you sue, know, all too well. what does it mean? >> i think it was a good report in one sense in that the economy is continuing to add jobs, but it was not a great report. we need to continue to see better numbers than this. 150 or 200,000 new jobs created for the next few months to get us back to levels of much better employment. it is a start, but not a great report. it is a start but not a good report. >> as we saw in andrea's set-up piece, the combination of the
is trying to neutralize the attack, over his comments regarding 47% of americans not paying income tax. and see themselves as victims. a view he now disavows. >> sometimes you say something completely wrong. >> reporter: only three weeks ago he said the comments were not elegantly stated. now he disavows the comments, perhaps in time for the debate when president obama is expected to be ready for attack. >> thank you. >>> sue herrera has visited us from cnbc...
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Oct 1, 2012
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cuts, going beyond the extension of the bush tax cuts. he talks about raising defense spending. he rejects a 10 to one ratio of spending cuts to tax increases. simpson-bowles. you mentioned them. they say the math doesn't add up in the romney plan and he won't tell us how he thinks it does. >> well, listen. the country is hungry for bipartisan compromise, david. i agree with you,t( especially after the last four year was intense partisanship from this white house. and mitt romney is the only candidate in this race who has a record of showing he knows as an executive how to forge bipartisan compromise. as the governor of massachusetts, over 85% of his legislature democrats, he made things happen. and he will make things happen as president of the united states. and will forge the right type of compromise to get this done. and that's the way it's going to work. >> do you think that this governor romney should be in a situation where he's actually prepared to deal with revenue, to raise revenue, go against his party if it's part of a package
cuts, going beyond the extension of the bush tax cuts. he talks about raising defense spending. he rejects a 10 to one ratio of spending cuts to tax increases. simpson-bowles. you mentioned them. they say the math doesn't add up in the romney plan and he won't tell us how he thinks it does. >> well, listen. the country is hungry for bipartisan compromise, david. i agree with you,t( especially after the last four year was intense partisanship from this white house. and mitt romney is the...
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Oct 4, 2012
10/12
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is this a buy and do you think the mlp distributions will be taxed as c corp distributions if the tax credits expire in 2013? >> i'm going to take them backwards. i think the tax credit is going to be fine. enterprise partners is terrific. and i'm torn playing hernandez. who i think could play this weekend or sticking with daniels got me points in the fantasy league. let's go to vince in california. vince? >> caller: boo-yah, cramer. >> boo-yah. >> caller: talk to me about uhn? this is a king of prussia company. i used to beat them consistently. i've got to tell you, i believe in this company. i think it's one of the best. i also want to reiterate that i think that the health care reits represent the best value right now in the real estate investment trust group. may i just mention one second, which bought sunrise cheaper living? i think that stock is still cheap at at. i want to go to jack in pennsylvania. jack? >> caller: good afternoon, jim. this is jack from bucks county, pennsylvania, calling. i'm interested in wprt, westport innovations. i bought it maybe six months ago and have
is this a buy and do you think the mlp distributions will be taxed as c corp distributions if the tax credits expire in 2013? >> i'm going to take them backwards. i think the tax credit is going to be fine. enterprise partners is terrific. and i'm torn playing hernandez. who i think could play this weekend or sticking with daniels got me points in the fantasy league. let's go to vince in california. vince? >> caller: boo-yah, cramer. >> boo-yah. >> caller: talk to me...
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Sep 28, 2012
09/12
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KNTV
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obama's idea includes tax hikes on the wealthy and more government spending on infrastructure. he is making it the new center piece of a tv ad for the closing argument. >> if i could sit down with you at the table or in the living room, here is what i would say. >> reporter: mitt romney focused on the deep ties to the military, warning that devastating job losses are coming if congress and the president went through with potential defense cuts. >> the impact will be immediate and significant right here in virginia. 136,000 jobs will be lost in virginia as a result of this move. >> reporter: this new feeling reflects the idea that many have voted. in 2008, nearly a third of all voters cast ballots before election day this year the number could grow to 40%, but in some of the key swing states the number could even be higher, more than half of all voters in colorado, florida, nevada and north carolina cast their ballots early four years ago. voting is under way in virginia, which could be the new political bellwether, mr. obama won there earlier, identical to his nationwide popula
obama's idea includes tax hikes on the wealthy and more government spending on infrastructure. he is making it the new center piece of a tv ad for the closing argument. >> if i could sit down with you at the table or in the living room, here is what i would say. >> reporter: mitt romney focused on the deep ties to the military, warning that devastating job losses are coming if congress and the president went through with potential defense cuts. >> the impact will be immediate...
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Oct 4, 2012
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running on this tax plan. and now, five weeks before the election, he's saying that his big bold idea is never mind. >> let me repeat what i said. i'm not in favor of a $5 trillion tax cut, that's not my plan. >> reporter: another stark difference, medicare, one of the few times the president played aggressor. >> it's called premium support, but it's understood to be a voucher program. >> and you don't support that? >> i don't. and let me explain why. >> again, that's for future people, not current retirees. >> so if you're 54 or 55, you might want to listen because this, this will affect you. >> reporter: still, romney seemed to control many of the back and forths, even the lighter moments. >> i apologize, mr. president, i use that term with all respect. >> i like it. >> good. >> the difference in their debate demeanors was most evident during the closing statements. >> you know, four years ago we were going through a major crisis. and yet, my faith and confidence in the american future is undiminished. >> th
running on this tax plan. and now, five weeks before the election, he's saying that his big bold idea is never mind. >> let me repeat what i said. i'm not in favor of a $5 trillion tax cut, that's not my plan. >> reporter: another stark difference, medicare, one of the few times the president played aggressor. >> it's called premium support, but it's understood to be a voucher program. >> and you don't support that? >> i don't. and let me explain why. >>...
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Oct 3, 2012
10/12
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that's a tax cut geared towards the wealthy. wants to give a $250,000 tax cut to multimillionaires, but in order to pay for that, even mitt romney's own economists say we'll have to raise taxes on the middle class. that's exactly what crashed the economy and punished the middle class in the first place. you'll hear the president talk about that tonight, and we shouldn't return to those policies. we have to continue moving forward on the path that we're on. the president is rebuilding this economy in a way that's meant to last, with a strong middle class at its core. the last thing we should do is go back to the policies that crashed the economy in the first place. >> all right. >> that's what mitt romney and paul ryan are promising to do. >> stephanie cutter, we're out of time for the moment. thank you for your time this morning. >> thank you, savannah. >> watch tonight's debate live starting at 9:00 eastern, 6:00 pacific time right here on nbc. at 18 minutes past the hour, here's david. >>> a big trial in italy capturing global
that's a tax cut geared towards the wealthy. wants to give a $250,000 tax cut to multimillionaires, but in order to pay for that, even mitt romney's own economists say we'll have to raise taxes on the middle class. that's exactly what crashed the economy and punished the middle class in the first place. you'll hear the president talk about that tonight, and we shouldn't return to those policies. we have to continue moving forward on the path that we're on. the president is rebuilding this...
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Sep 29, 2012
09/12
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rallying in anticipation of the company converting to a real estate investment trust which gets special tax treatment as long as it returns 90% of its profits to shareholders in dividends. if the irs gives them permission you could see them popping 20% on the news. northbound if the government rejects their weak conversion, you could see a decline. i would not buy corrections corp up up there. not. if you already own it scale out of it into the lead conversion which should come in about three months. remember nobody ever got hurt taking a profit. >>> next up, last friday bill in california stumped me. well, i didn't want to offer an opinion yet. he wanted my opinion on splunk, splk. i needed to do some homework. smoking hot ipo from april. a lot of those have kind of been played out. it has the heads of information technology departments, people that run the computer services to get a run on how their networks are operating. they collect monitors and analyzes data in order to help the tech guys manage their networks more efficiently by showing them where the bottle next are forming. i'll sa
rallying in anticipation of the company converting to a real estate investment trust which gets special tax treatment as long as it returns 90% of its profits to shareholders in dividends. if the irs gives them permission you could see them popping 20% on the news. northbound if the government rejects their weak conversion, you could see a decline. i would not buy corrections corp up up there. not. if you already own it scale out of it into the lead conversion which should come in about three...
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Oct 5, 2012
10/12
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. >> why wouldn't we eliminate tax breaks for corporate jets? my attitude is if you got a corporate jet, can you probably afford to pay full freight, not get a special break for it. >> now watch romney on defense. >> finally, military. the president's re-elected, you'll see dramatic cuts to our military. the secretary of defense said these would be even devastating. i will not cut our commitment to our military. >> if you're like me, you realize the general dynamics is at the fulcrum of both of these issues. if president obama is going back to that 2009 rhetoric, orders for gulf stream jets could be hammered. when you think of big defense programs that could be boosted by a romney presidency, go no further than general dynamics. you can see a real hit to earnings if the budget cuts become a reality. romney is unintentionally green lighting lockheed martin and grumman. now about half way into the debate romney gave us a fabulous short idea with this clip. >> you put $90 billion, like 50 years worth of breaks into solar and wind to solyndra and te
. >> why wouldn't we eliminate tax breaks for corporate jets? my attitude is if you got a corporate jet, can you probably afford to pay full freight, not get a special break for it. >> now watch romney on defense. >> finally, military. the president's re-elected, you'll see dramatic cuts to our military. the secretary of defense said these would be even devastating. i will not cut our commitment to our military. >> if you're like me, you realize the general dynamics is...
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Oct 2, 2012
10/12
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WBAL
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will have a whole new tax world. higher taxes. warpers paycheck in january will be smaller. >> lawmakers not expected to do anything until after the election in november. >> is all or nothing? is there a chance they could survive partially? >> they still have to figure it out. there are some bush administration tax cuts all the way through the obama administration. what they're going to do is figure out they will renew some of them, let them expire. bottom line -- we will all feel the pain, it's just a question of how much. >> will be interesting to see if they discuss that in the debate might. revenue this year, down load our election 2012 app to see the latest campaign pictures and follette updates during tonight's debate. search commitment 2012 on your smartphone and tablets a day. >> the death of a man who died in police custody has been ruled a homicide. >> please note confirming what we have heard about the death of anthony anderson. will the officers involved be charged? >> he died 10 days ago after being arrested by city p
will have a whole new tax world. higher taxes. warpers paycheck in january will be smaller. >> lawmakers not expected to do anything until after the election in november. >> is all or nothing? is there a chance they could survive partially? >> they still have to figure it out. there are some bush administration tax cuts all the way through the obama administration. what they're going to do is figure out they will renew some of them, let them expire. bottom line -- we will all...
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Oct 3, 2012
10/12
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FOXNEWSW
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but not dictions sufficient to take the taxes up. we hope the middle class will have a tax reduction even with the elimination of deductions and putting a cap on deductions actually gives more credibility because you can give the middle class more deductions. the governor also said if you have more incomes, you pay lower caps, in other words $17,000. the idea that taxes on the well-to-do and the successful and those who are making a lot money will not go down. middle classing we hope they will stay where they are, or come down. coming down is a possibility. the important part of this tax plan, is to remember, when you earn, say you earn $200,000 and you have $20,000 worth of deductions, so now you paying tax on $180,000. if you paid tax at 35 percent rate, obviously the rate will be below $35 percent because you do not pay on full $200,000. governor romney is saying reduce that rate and every dollar you earn offer the amount that uses up the tax deductions, you will pay the lowest rate on. it will encourage people to earn more money,
but not dictions sufficient to take the taxes up. we hope the middle class will have a tax reduction even with the elimination of deductions and putting a cap on deductions actually gives more credibility because you can give the middle class more deductions. the governor also said if you have more incomes, you pay lower caps, in other words $17,000. the idea that taxes on the well-to-do and the successful and those who are making a lot money will not go down. middle classing we hope they will...
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would you give up the mortgage tax deduction for a lower tax rate? log on to gerriwillis.com, vote on the right hand side of the screen and all share the results of the end of tonight's show. coming up later, you will not want to miss this. joins us with his preview of tonight's debate and there will be a huge windfall for the government but a hit to your pocketbook. find out how much more un nearly every other american will be paying uncle sam if we drive over the fiscal cliff in january. nearly 1 billion people around the world don't have enough food to survive. we can't let this happen. there is something we can do about it. please join christina aguilera and yum! brands in the movement to fight world hunger by supporting the united nations world food programme. for more information, go to fromhungertohope.com. your contribution will feed children and save lives. together, we can stop the dying and start the living. and together, we can move people from hunger to hope. and together, we can move people why they're always there to talk. i love you,
would you give up the mortgage tax deduction for a lower tax rate? log on to gerriwillis.com, vote on the right hand side of the screen and all share the results of the end of tonight's show. coming up later, you will not want to miss this. joins us with his preview of tonight's debate and there will be a huge windfall for the government but a hit to your pocketbook. find out how much more un nearly every other american will be paying uncle sam if we drive over the fiscal cliff in january....
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Sep 28, 2012
09/12
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now some people do that weird thing where they double the tax. i don't understand that situation. so 20% is what it's supposed to be. now a "the new york post" study says the new normal is 25% to 30%. that's 1/3 of your meal. >> cornell university looked at another study. not -- over 9,000 restaurant receipts and found more than 1/3 of customers left a tip over 20%. that's nice to hear. >> yes. that is. >> in today's world and the economy and everything. what we've stopped realizing is that, you know, most people that work in the food services, the waiters, that's really what they live on. they get -- >> terrible salary. yeah. >> frank's always been a huge, huge, huge tipper. i think something should also be earned, though. >> yes. >> when somebody's awesome, give them that huge tip. >> i agree. i usually do a 20% usually regardless, i think. if someone's really good -- >> have you ever not left one? >> not intentionally. do you know what i do? this is how weird i am. if someone leaves a crummy tip and i'm with them, i will say i have to go back inside, and i will leave more -- >>
now some people do that weird thing where they double the tax. i don't understand that situation. so 20% is what it's supposed to be. now a "the new york post" study says the new normal is 25% to 30%. that's 1/3 of your meal. >> cornell university looked at another study. not -- over 9,000 restaurant receipts and found more than 1/3 of customers left a tip over 20%. that's nice to hear. >> yes. that is. >> in today's world and the economy and everything. what we've...
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Oct 4, 2012
10/12
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this is a tax in itself -- the economy tax. gasoline prices have doubled under the president, electric rates are up, food prices are up, health-care costs have gone up by $2,500 per family. the question is how to get them going again. it is energy and trade. the right kind of training programs. the president mentioned those ideas. education. it is key. it is the future of our economy. we have 47 training programs. they are reporting to eight agencies. we have to get those dollars back to the states and to the workers so they can create pathways into training they need for jobs that will help them. taxation. we should bring the tax rates down. for corporations and individuals. for us not to lose revenue, i lowered deductions and credits and intentions so we keep taking in the same money when you account for growth. energy is critical. the president pointed out that production of oil and gas in the u.s. is up but not due to his policies -- in spite of his policies. all of the increase in natural gas and oil has happened on privat
this is a tax in itself -- the economy tax. gasoline prices have doubled under the president, electric rates are up, food prices are up, health-care costs have gone up by $2,500 per family. the question is how to get them going again. it is energy and trade. the right kind of training programs. the president mentioned those ideas. education. it is key. it is the future of our economy. we have 47 training programs. they are reporting to eight agencies. we have to get those dollars back to the...
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Sep 29, 2012
09/12
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fairly simple message -- true tax reform has the effect of lowering tax rates for everybody, but all these special interest groups losing their precious loopholes and deductions. i am on the general public's side, against all these interest groups in washington. if he proposes that, that is a true thing and actually work. i don't think he is going to do it. >> not to rob the obama people of credit for their advertising campaign, but let me remind you, these wounds are self-inflicted. "you want to bet $10,000, rick perry?" "ann drives a couple of cadillac's." "car elevator in our home at." "i like to fire people." these were not drafted by the obama campaign. these were voluntarily offered by mitt romney, the candidate -- >> and he has taken responsibility for that. >> the reason he has not laid that out is that there are a bunch of studies that disputed, people say, you take away mortgage deductions, and suddenly people are up in arms. >> not necessarily true. people to a certain amount can only deduct up to 2% of income -- >> now you are into the weeds, though. >> it is not the weed
fairly simple message -- true tax reform has the effect of lowering tax rates for everybody, but all these special interest groups losing their precious loopholes and deductions. i am on the general public's side, against all these interest groups in washington. if he proposes that, that is a true thing and actually work. i don't think he is going to do it. >> not to rob the obama people of credit for their advertising campaign, but let me remind you, these wounds are self-inflicted....
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Sep 30, 2012
09/12
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KPIX
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percent opposed, it will raise income tax on people making $250,000 a year, it will raise sales taxes. president obama and republican candidate mitt romney take a break to get ready for their first presidential debate next week dru levenson shows us both candidates sent running mates to battleground states. >>> vice-president joe biden plate to florida's older voters. first at a diner than a rally he said president obama wants to make sure medicare is around. >>> the action the president took strengthen medicare trust fund and exceeded its live up to 2024 >>> biden argued the republicans want to drastically change the program >>> that on want to tell you they're not for medicare there for a thing called a voucher care >>> and the vice presidential nominee hammered the obama administration for out of control borrowing and spending. >>> as a result the most of not fixing it our credit rating downgraded for first time in history >>> line said new hampshire's will help shape the election >>> get those people that promise to open change are demoralized now >>> the candidates prep for the f
percent opposed, it will raise income tax on people making $250,000 a year, it will raise sales taxes. president obama and republican candidate mitt romney take a break to get ready for their first presidential debate next week dru levenson shows us both candidates sent running mates to battleground states. >>> vice-president joe biden plate to florida's older voters. first at a diner than a rally he said president obama wants to make sure medicare is around. >>> the action...
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Oct 4, 2012
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romney comes out and tells you he will tax -- not lower taxes on the rich by cutting out deductions. just like the president said, he did not hammer him enough on it. even if you add up all of the deductions and then the defense spending, you are just going further into the hole. >> thank you. that is dave's tweet to us. we also have our facebook page open and our twitter account. you can send us lots of comments and any of these mediums. you can reach us on facebook.com/cspan. this is laurie who is a democrat. >> this is maria. i was calling to say i think romney is running on his ego. what he has been talking about all through this campaign was just taking care of the rich and not try to help the ones down below. there are so many people that need help. when obama bought into office, he already had that debt. it takes time for a person to -- romney should know -- it takes time to settle that big of a debt in more than four years. it will take more for us to get out of the dead that we are in. i think we should give president obama a chance for the next four years and let him prove
romney comes out and tells you he will tax -- not lower taxes on the rich by cutting out deductions. just like the president said, he did not hammer him enough on it. even if you add up all of the deductions and then the defense spending, you are just going further into the hole. >> thank you. that is dave's tweet to us. we also have our facebook page open and our twitter account. you can send us lots of comments and any of these mediums. you can reach us on facebook.com/cspan. this is...
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Sep 29, 2012
09/12
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issue, him releasing his tax returns. he was always on the defensive and now he has a lot of ground to make up. gwen: is there an argument to be made that there is a policy shift going on in america's mind as well, not just a good speech or a good piece of positioning, but actually people are looking at their choices differently now? >> there are ways to think of this, not just through polling data but economic data and there is a surge of optimism. small business confidence is up. some financial market participant indexes are up. this would suggest that people are starting to feel better about this recovery. a lot of interesting questions as to why because the data don't support that. we have been having a slow recovery for three years now and people have gotten used to it. it is like a lukewarm bath. any drop of hot water, you think it will heat up entirely. gwen: the flip side is is that, if you heat it up a little more -- [laughter] >> but the other -- part of that is, if you are starting to see uptick in your persona
issue, him releasing his tax returns. he was always on the defensive and now he has a lot of ground to make up. gwen: is there an argument to be made that there is a policy shift going on in america's mind as well, not just a good speech or a good piece of positioning, but actually people are looking at their choices differently now? >> there are ways to think of this, not just through polling data but economic data and there is a surge of optimism. small business confidence is up. some...
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Oct 3, 2012
10/12
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what about this tax plan. is president obama obligated to supporters to point out to them that this is flawed? what do you think? >> i think the moderators are going e to ask governor romney about a lot of the things that you just talked about. i hope the moderator gives governor romney a chance to do what paul ryan said he didn't have time to do and that is explain how they pay for a $5 trillion tax cut. as you pointed out, ed, it is a time problem that is vexing in this budget. it's a math problem. they can't pay for it. if they can't pay for it, then they are going to raise taxes on the middle class. that's what the economic studies have shown. and look, i don't know anybody who thinks we're another tax cut for a millionaire away from a stronger middle class. that's just not how we have built our economy before and it's not how we're going to continue to make our country on the debate moderator to do itill ?e present be >> ihink the debate morato think the president will push back pticularly on some of thes
what about this tax plan. is president obama obligated to supporters to point out to them that this is flawed? what do you think? >> i think the moderators are going e to ask governor romney about a lot of the things that you just talked about. i hope the moderator gives governor romney a chance to do what paul ryan said he didn't have time to do and that is explain how they pay for a $5 trillion tax cut. as you pointed out, ed, it is a time problem that is vexing in this budget. it's a...
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Oct 6, 2012
10/12
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he proposes a 20% across-the- board tax cut. >> marginal tax rate. >> alternative minimum tax. he proposes tax deductions in reducing the federal deficit by 2015. what that means is, over time, the analysis shows, $5 billion over the next decade. >> i am sorry, read my lips, we are running short on time. the joe and paul the day. >> this is deadly earnest. how they can justify, how they can justify raising taxes on the middle-class, who have been very the last four years. how come in lord's name, can they justify raising their taxes? >> vice-president biden just today said that the middle- class, over the last four years has been "buried." we agree. that means we need to stop digging, by electing a run in next president of the united states. >> what do you think, jonathan? >> you talk to a lot of folks in the romney campaign and is a joe biden is the gift that keeps on giving. you saw him pause when he said four years. i think he meant to say 10 years or something. it came out wrong. this is fodder for the romney campaign. all not changed, i do not think, in a huge way, the cou
he proposes a 20% across-the- board tax cut. >> marginal tax rate. >> alternative minimum tax. he proposes tax deductions in reducing the federal deficit by 2015. what that means is, over time, the analysis shows, $5 billion over the next decade. >> i am sorry, read my lips, we are running short on time. the joe and paul the day. >> this is deadly earnest. how they can justify, how they can justify raising taxes on the middle-class, who have been very the last four...
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Sep 30, 2012
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one where he will not extend the bush tax cuts for the wealthiest americans. so the fiscal cliff is going to be folded in some way into renegotiating the tax cuts and how they get extended. i think he'll say it's a no-go, i'm not going to extend the bush tax cuts, so either we can negotiate it now and these few remaining weeks before christmas, or we have see the government shut down. i think therwill be a little chicken game playing at the end of the year. what most people in washington likely think will happen is they'll negotiate some way to say here's a broad framework for what both sides want. let's work it out next year. >> sheila behr, i think americans are excited about the future. i'm glad people are feeling a little bit better about it, we all are. what has to happen so that a year if now we're not talking about the 9% versus the 1% and that there is some sense that banks are finally helping america move forward. >> it is your influence policies that jam the lens. the person they can get by lending into a still uncertain economy has. they can take th
one where he will not extend the bush tax cuts for the wealthiest americans. so the fiscal cliff is going to be folded in some way into renegotiating the tax cuts and how they get extended. i think he'll say it's a no-go, i'm not going to extend the bush tax cuts, so either we can negotiate it now and these few remaining weeks before christmas, or we have see the government shut down. i think therwill be a little chicken game playing at the end of the year. what most people in washington likely...
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Oct 5, 2012
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i am a tax cheat, i don't pay my taxes. if i'm walking down the street and someone has a gun to my head should a scoop protect me? >>lis: of course. yes. you got me both ways because is different. a firefighter for your home should come there and protect you and your children your family whether you pay the fee. the point is it is a fee, not a tax. just to make sure that your community is safe. that's all it is. $150? really? really? really? >> i'm pretty sure whatever reviewing court looks at it will find that the label does not rule the day. it is the effect, which is a levee, a charge, a charge on the taxpayers of california and they will pay it with a two-thirds majority vote. there has to a constitutionality and procedural constitutionality. >> if we allow this to lap in every town, can't they levee the fees all over the place if everything? >>lis: you go, taking it out of the public safety or public service which is where it belongs, you go to the public library, you get a book out, you are late on the book, you get a
i am a tax cheat, i don't pay my taxes. if i'm walking down the street and someone has a gun to my head should a scoop protect me? >>lis: of course. yes. you got me both ways because is different. a firefighter for your home should come there and protect you and your children your family whether you pay the fee. the point is it is a fee, not a tax. just to make sure that your community is safe. that's all it is. $150? really? really? really? >> i'm pretty sure whatever reviewing...
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listen to this. >> governor romney and i both agree our cooperate tax rate is too high. we both agree we've got to boost american energy production and it appears we've got some agreement that a marketplace to work has to have some regulation. i suspect that on social security we've got a somewhat similar position. >> you understand what he was trying do there? >> yeah, i do. >> i got a bit confused. >> i think you're right, wolf. and i think that is a disastrous approach. the truth of the matter is mitt romney right now is the head of a right-wing extremist party called the republican party. it wasn't always the case. that's what they are today. if the president cannot differentiate himself clearly from right-wing extremism, we've got a lot of problems as a nation and he's got problems as a candidate running for re-election. in terms of social security, it is absurd for the president to say that he and romney are coming down in the same way. social security today has a $2.7 trillion surplus. social security hasn't contributed one nickel to the deficit, can pay out benef
listen to this. >> governor romney and i both agree our cooperate tax rate is too high. we both agree we've got to boost american energy production and it appears we've got some agreement that a marketplace to work has to have some regulation. i suspect that on social security we've got a somewhat similar position. >> you understand what he was trying do there? >> yeah, i do. >> i got a bit confused. >> i think you're right, wolf. and i think that is a disastrous...
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Oct 1, 2012
10/12
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we have to look at what are the canadian taxes? the european taxes? the tacks in -- tax in vietnam in when you shop you do fault say i will only buy that if it is made in america. if we want our economies to succeed they have to compete with vietnam companies. >>neil: but if he is saying that i am going to lower taxes but it may not be what it appears because i will take away breaks which is fine for simplified tax code, et cetera, does he risk alienating a base that did not trust him? that he was serious about the big reagan-like cut in taxes. >>guest: my discussions is he understands we are competing and he knows we have to reduce our taxes. >>neil: who was he reaching out to? >>guest: you have to ask him. >>neil: independent voters? >>guest: he understands we are competing and he understands we have to have he we are taxes. if we have more jobs in america, and we want american businesses to do well, we have to is lower taxes than the rest of the developed world. if we don't, brings are going to go out of this country. >>neil: as a former health car
we have to look at what are the canadian taxes? the european taxes? the tacks in -- tax in vietnam in when you shop you do fault say i will only buy that if it is made in america. if we want our economies to succeed they have to compete with vietnam companies. >>neil: but if he is saying that i am going to lower taxes but it may not be what it appears because i will take away breaks which is fine for simplified tax code, et cetera, does he risk alienating a base that did not trust him?...
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Sep 30, 2012
09/12
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because gasoline tax pays for the the roads. i believe that's probably the best principle overall to deal with the questions and post office. >> claire mccaskill if >> i'm going to try to quote todd akin exactly on this. he said, we can keep raising the prices, if they get too high, the private sector can take over. i disagree. it is in the constitution. we have had the finest and the most reliable and most comprehensive postal service in the world. they have cut billions in expenses over the last several years. they have shrunk their woforce. what they've been required to do is prefund their pensions and healthcare for 75 years. no one in the private sector is required to prefund their pensions and healthcare for 75 years. no one in the governmental sector except the post office is required to do that. it's got them into a cash flow problem. we have to uncuff them and allow them to be entrepreneurial when it comes to the growth area postal service. i will tell you, mr. miller, you know this and many in this audience know this,
because gasoline tax pays for the the roads. i believe that's probably the best principle overall to deal with the questions and post office. >> claire mccaskill if >> i'm going to try to quote todd akin exactly on this. he said, we can keep raising the prices, if they get too high, the private sector can take over. i disagree. it is in the constitution. we have had the finest and the most reliable and most comprehensive postal service in the world. they have cut billions in...
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mass of people and their reaction is not offs you've got to honor the loans we gave you you can never tax us you can never go after our wealth to solve these problems you have to take it out of the mass of people and you know the irony is when you look back at the history of empires it has been that narrow and this that blindness to the larger picture that absorbed self interest that has been the final end to those empires seems so strange to people who look back but when you're in the middle of it that's what they're doing if the masses don't they will have that nervous and they don't want it it's almost like nicholas or exactly you know what's her name and france and marie antoinette is that your sister had a kaiser wilhelm in germany they kept pushing even when there were advisers began saying to them if you keep pushing it'll be all over but rather than dip into the wealth of the country and the same is true here in the united states they keep pushing on tell the people push back well and richard in the just a half a minute we have left what's the lesson for the united states and. the
mass of people and their reaction is not offs you've got to honor the loans we gave you you can never tax us you can never go after our wealth to solve these problems you have to take it out of the mass of people and you know the irony is when you look back at the history of empires it has been that narrow and this that blindness to the larger picture that absorbed self interest that has been the final end to those empires seems so strange to people who look back but when you're in the middle...
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. >> reporter: switching gears senior citizens and romney's plan to lower taxes will force the nation's elderly to pick up the tab. >> their plan on social security, the one they have now, would raise taxes on your social security. >> reporter: romney, who has accused the president of misleading the president on subject of taxes repeated his pledge on the issue. less than one week with his debate with the president, romney is trying to expand the election map, boldly predicting twice during his vis to pennsylvania that he could win here. >> you know what, i have a little secret here. that is the obama campaign thinks that pennsylvania is in their pocket. they don't need to worry about it. and you're right and they're wrong. we're going to win pennsylvania and we're going to take the white house. >> reporter: it could be a questionable move. not only ground does he have to make up in swing states like ohio and florida, the poll of polls show romney trailing the president by ten points. republicans have tried, but failed to win pennsylvania in recent presidential elections. just ask john
. >> reporter: switching gears senior citizens and romney's plan to lower taxes will force the nation's elderly to pick up the tab. >> their plan on social security, the one they have now, would raise taxes on your social security. >> reporter: romney, who has accused the president of misleading the president on subject of taxes repeated his pledge on the issue. less than one week with his debate with the president, romney is trying to expand the election map, boldly...
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we cut income taxes, we cut the property taxes, the inheritance tax, the gift tax and we created 742,000 jobs. that's what we did in wisconsin. what they did in washington they got 23 million people unemployed and underemployed. that's their accomplishment. pleat difference of philosophy and direction between my opponent and myself. >> our next question is from lisa, directed first to governor thompson. >> this might be something we can all agree on. the approval ratings of congress can't get much worse than it is right now. the lack of productivity would be a problem for the rest of us in our jobs. most people believe things have to change in the way congress operates. do you believe any change to the structure, for example, term limits, or the 60% filibuster rule in the senate, do you think any changes should be made? if so, please name them specifically. >> well, listen, first off, what you've got to do is sit town and talk. when i was governor and the democrats controlled the legislature in both houses for 12 1/2 out of my 14 year well, plibbed great things. why? because i sat down w
we cut income taxes, we cut the property taxes, the inheritance tax, the gift tax and we created 742,000 jobs. that's what we did in wisconsin. what they did in washington they got 23 million people unemployed and underemployed. that's their accomplishment. pleat difference of philosophy and direction between my opponent and myself. >> our next question is from lisa, directed first to governor thompson. >> this might be something we can all agree on. the approval ratings of congress...
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Oct 4, 2012
10/12
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more huge tax breaks skewed to the wealthy. while cutting nearly eight hundred billion from medicaid... even though middle-class families rely on medicaid to help loved ones cover nursing-home care. and it helps parents support children with disabilities. if mitt romney really "cares," wouldn't we see it in his priorities? . >>> top 10 in e.r.a. and strikeouts today, the nats geo gonzalez was recognized as the best left-handed picture -- pitcher in baseball. next time, he'll take to sunday's game, one of the nlds against the cardinals or braves. yes, the nats have home field advantage after wednesday's win and that is a 2-3 form at, meaning the first two are on the road. yesterday, ryan zimmerman last the home crowd, 25 runs on the season for him and michael morris teed off as well for the team's 98th win and that is a 95-1 final. the orioles -- orioles game didn't go as well and that is because of what he needed to get out of the season and he hit two home runs and three yesterday. the top 4-1, meaning baltimore visits the tex
more huge tax breaks skewed to the wealthy. while cutting nearly eight hundred billion from medicaid... even though middle-class families rely on medicaid to help loved ones cover nursing-home care. and it helps parents support children with disabilities. if mitt romney really "cares," wouldn't we see it in his priorities? . >>> top 10 in e.r.a. and strikeouts today, the nats geo gonzalez was recognized as the best left-handed picture -- pitcher in baseball. next time, he'll...
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Oct 2, 2012
10/12
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lie payroll tax cuts by obama. this is the end for businesses and the child tax credit and college tuition credit chooses the alternative minimum tax and related to president owe bam paw's healthcare law. the spending cuts agreed upon as part of last year's debt ceiling deal will go into effect including major cuts in medicare and defense. they are reportedly working on strategies to deal with the issue even if they come up with a plan of attack don't expect there to be any real negotiations on this until after the presidential election. >> always of the election. we need that help now. >>> it is now 47 after the top of the hour. the bizarre seating situation at american airlines could be more widespread that n we first thought. we will have a live report coming up. >>> after a sharp drop in absentee ballots by the nation's members of the military is the pentagon doing much to help the votes next year? we will read your e-mails to find out. good morning, brian. >> good morning to you. it will be unusual. pregame sh
lie payroll tax cuts by obama. this is the end for businesses and the child tax credit and college tuition credit chooses the alternative minimum tax and related to president owe bam paw's healthcare law. the spending cuts agreed upon as part of last year's debt ceiling deal will go into effect including major cuts in medicare and defense. they are reportedly working on strategies to deal with the issue even if they come up with a plan of attack don't expect there to be any real negotiations on...
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we're going to do it by giving tax breaks to companies that bring tax breaks back to america, not companies that take factories out of america. we are going to continue to knock down those barriers that exist around the world saying no american goods here. we are going to level the playing field. and guess what, folks, as i go around the world -- i have traveled over 600,000 miles since i have been vice president -- people are looking to buy the best products. and those products have "made in america" stamped on them. if we knock it down, they will buy it. [cheers and applause] we are going to cut our oil imports in half by 2020, produce more american-made energy from oil, natural gas, clean coal, biofuel. ladies and gentlemen, a lot of people do not understand this. i love to hear them talk about their energy policy -- which is drill, baby, drill. let me tell you something. you all realize there are more gas and oil rigs pumping today than all the rest of the rigs in the entire rest of the world. do you know that? that's a fact. that's why we are importing less than we have in decades. tha
we're going to do it by giving tax breaks to companies that bring tax breaks back to america, not companies that take factories out of america. we are going to continue to knock down those barriers that exist around the world saying no american goods here. we are going to level the playing field. and guess what, folks, as i go around the world -- i have traveled over 600,000 miles since i have been vice president -- people are looking to buy the best products. and those products have "made...
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at the same time, there is a large number of citizens who do not pay taxes to income tax. they are liberal professions like people who put all their revenues inside society. we believe there has to be changes and we have to have a more comprehensive system that is able to control everybody. >> won the budget was announced, it was predictable. this economy has already seen 65 billion euros out of it this year. today was confirmed a further 90 billion euros would be cut over the coming two. >> 1 economy is represented here by the corporate giants to continue to flourish around the world and then there is the real economy outside these walls, where unemployment is high and consumer spending is low. the challenge facing the government is to somehow cut the deficit now that same time bridge the gap between the corporate world and the real world outside. >> with the race for the white house, mitt romney and president obama are working to win the hearts and minds of voters. or american voters in the key swing states. america remains a 50-50 nation, split between republicans and d
at the same time, there is a large number of citizens who do not pay taxes to income tax. they are liberal professions like people who put all their revenues inside society. we believe there has to be changes and we have to have a more comprehensive system that is able to control everybody. >> won the budget was announced, it was predictable. this economy has already seen 65 billion euros out of it this year. today was confirmed a further 90 billion euros would be cut over the coming two....
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Sep 29, 2012
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as we rethink our income tax and our tax strategy in the united states, i don't think it's just a question of how much more the federal government can tax and get us off the fiscal cliff. i think it's tilting the balance back towards the local level, which needs the tools and which needs the revenue and should be able to raise the revenue they need to drive -- the great economist at brookings said a long time ago, the appropriate place to make innovations, competitiveness and economic policy is not the national level but to empower the cities and communities to do it. i think it's part of what i have call this reset in america. we have to get power, not just the power to spend, but the power to raise revenue back in the hands of the mayors and the cities. >> interesting idea. richard, always a pleasure to have you on the show. thanks for being with us. >> thank you, and thank you for covering this, such an important topic which means so murch to our future economic growth. >> richard is a professor at the university of toronto. >> a slowing economy facing h d headwinds from europe and asia
as we rethink our income tax and our tax strategy in the united states, i don't think it's just a question of how much more the federal government can tax and get us off the fiscal cliff. i think it's tilting the balance back towards the local level, which needs the tools and which needs the revenue and should be able to raise the revenue they need to drive -- the great economist at brookings said a long time ago, the appropriate place to make innovations, competitiveness and economic policy is...